Peoples Bank Mortgage Rates, Fees & Info

Mendenhall, MS

LEI: 54930032OCUOR526IR93

Tax ID: 64-0220470

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Peoples Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Peoples Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, San Diego, Los Angeles, Charleston, and Boston among others. We have data for 161 markets. (Some data included below & more in-depth data is available with an active subscription.)

Peoples Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Peoples Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.60%	4/21/24
30 Year Conventional Refi	6.59%	4/21/24
30 Year Cash-out Refi	6.59%	4/21/24
30 Year FHA Purchase	7.41%	4/21/24
30 Year FHA Refi	7.48%	4/21/24
30 Year VA Purchase	6.38%	4/21/24
30 Year USDA Purchase	7.10%	4/21/24
15 Year Conventional Purchase	7.67%	4/21/24
15 Year Conventional Refi	9.72%	4/21/24
15 Year Cash-out Refi	9.72%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Peoples Bank Mortgage Calculator

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This is not an official calculator from Peoples Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

463

Origination Dollar Volume (All Markets)

$106,815,000

Employee count

145

Awards

Peoples Bank 30 Year Conventional Loans bronze

Show all (1) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
JACKSON, MS (FHA\|USDA\|VA)	76	$12,360,000	$162,632	$3,194	4.75%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	9	$4,085,000	$453,889	$11,692	3.18%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	8	$3,450,000	$431,250	$12,848	2.73%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	12	$3,250,000	$270,833	$5,643	2.69%
Outside of Metro Areas	24	$3,070,000	$127,917	$4,915	4.88%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	6	$2,540,000	$423,333	$16,126	3.19%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	8	$2,500,000	$312,500	$10,401	3.38%
HATTIESBURG, MS (FHA\|USDA\|VA)	27	$2,305,000	$85,370	$2,266	6.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	6	$2,210,000	$368,333	$13,230	3.25%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	7	$2,025,000	$289,286	$9,633	3.29%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	6	$1,840,000	$306,667	$8,238	3.35%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	6	$1,690,000	$281,667	$8,869	3.37%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	4	$1,580,000	$395,000	$11,823	2.94%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	7	$1,515,000	$216,429	$6,498	3.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	4	$1,500,000	$375,000	$9,763	3.66%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	5	$1,485,000	$297,000	$9,127	3.20%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	3	$1,295,000	$431,667	$10,666	3.33%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	6	$1,290,000	$215,000	$8,265	3.25%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	6	$1,260,000	$210,000	$6,686	3.33%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	4	$1,250,000	$312,500	$11,114	3.50%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	6	$1,250,000	$208,333	$7,571	3.15%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	5	$1,165,000	$233,000	$8,064	3.30%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	3	$1,145,000	$381,667	$7,830	3.25%
WORCESTER, MA-CT (FHA\|USDA\|VA)	4	$1,120,000	$280,000	$8,061	3.50%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	6	$980,000	$163,333	$6,736	3.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	5	$975,000	$195,000	$6,904	3.48%
ASHEVILLE, NC (FHA\|USDA\|VA)	3	$925,000	$308,333	$6,387	3.46%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	4	$920,000	$230,000	$8,284	3.38%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	4	$920,000	$230,000	$3,683	3.88%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	4	$890,000	$222,500	$9,570	3.38%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	2	$890,000	$445,000	$11,493	2.88%
RICHMOND, VA (FHA\|USDA\|VA)	2	$870,000	$435,000	$12,443	3.69%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	4	$850,000	$212,500	$7,795	3.53%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	2	$840,000	$420,000	$6,752	3.44%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	3	$805,000	$268,333	$13,857	2.96%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	2	$760,000	$380,000	$11,351	3.25%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	4	$750,000	$187,500	$4,568	3.03%
Oxford, MS (FHA\|USDA\|VA)	5	$735,000	$147,000	$3,029	3.32%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	2	$730,000	$365,000	$11,301	2.75%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	2	$650,000	$325,000	$10,262	3.44%
Laurel, MS (FHA\|USDA\|VA)	4	$640,000	$160,000	$2,041	5.43%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	2	$620,000	$310,000	$3,619	5.42%
LANCASTER, PA (FHA\|USDA\|VA)	1	$615,000	$615,000	$34,900	3.13%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$605,000	$605,000	$15,219	3.13%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	2	$600,000	$300,000	$9,686	3.38%
TUSCALOOSA, AL (FHA\|USDA\|VA)	3	$595,000	$198,333	$7,204	3.42%
READING, PA (FHA\|USDA\|VA)	2	$580,000	$290,000	$6,459	3.44%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	2	$570,000	$285,000	$8,560	3.25%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$550,000	$275,000	$8,655	3.56%
TUCSON, AZ (FHA\|USDA\|VA)	3	$545,000	$181,667	$6,231	3.33%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	2	$530,000	$265,000	$10,265	3.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$525,000	$175,000	$4,144	3.13%
JACKSONVILLE, FL (FHA\|USDA\|VA)	2	$510,000	$255,000	$8,763	3.56%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	1	$505,000	$505,000	$11,514	3.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	3	$505,000	$168,333	$7,702	3.42%
GAINESVILLE, GA (FHA\|USDA\|VA)	2	$490,000	$245,000	$8,717	3.56%
RACINE, WI (FHA\|USDA\|VA)	2	$480,000	$240,000	$10,279	2.94%
SAVANNAH, GA (FHA\|USDA\|VA)	2	$480,000	$240,000	$8,677	2.88%
TULSA, OK (FHA\|USDA\|VA)	2	$470,000	$235,000	$7,099	3.38%
KNOXVILLE, TN (FHA\|USDA\|VA)	2	$450,000	$225,000	$6,096	3.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$445,000	$445,000	$4,514	2.87%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	1	$445,000	$445,000	$11,551	3.50%
COLUMBIA, SC (FHA\|USDA\|VA)	2	$440,000	$220,000	$9,468	3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	2	$440,000	$220,000	$7,747	3.63%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	2	$430,000	$215,000	$7,705	3.31%
SALEM, OR (FHA\|USDA\|VA)	1	$425,000	$425,000	$15,591	3.13%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	2	$420,000	$210,000	$10,489	2.75%
SALISBURY, MD-DE (FHA\|USDA\|VA)	1	$415,000	$415,000	$4,917	3.25%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	1	$405,000	$405,000	$13,674	3.25%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	2	$400,000	$200,000	$5,068	2.88%
CLEVELAND, TN (FHA\|USDA\|VA)	2	$400,000	$200,000	$8,132	3.50%
London, KY (FHA\|USDA\|VA)	2	$400,000	$200,000	$7,534	2.81%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	2	$380,000	$190,000	$7,919	3.13%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	2	$380,000	$190,000	$7,214	3.56%
GREELEY, CO (FHA\|USDA\|VA)	1	$375,000	$375,000	$9,927	3.75%
KINGSPORT-BRISTOL, TN-VA (FHA\|USDA\|VA)	2	$370,000	$185,000	$7,830	3.44%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$365,000	$365,000	$11,353	3.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$365,000	$365,000	$13,674	3.25%
Gallup, NM (FHA\|USDA\|VA)	1	$365,000	$365,000	$0	5.50%
Richmond-Berea, KY (FHA\|USDA\|VA)	1	$365,000	$365,000	$10,502	3.00%
TERRE HAUTE, IN (FHA\|USDA\|VA)	1	$335,000	$335,000	$9,089	3.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	1	$335,000	$335,000	$3,573	3.25%
WENATCHEE, WA (FHA\|USDA\|VA)	1	$335,000	$335,000	$11,434	3.13%
Concord, NH (FHA\|USDA\|VA)	1	$335,000	$335,000	$11,055	2.63%
WICHITA FALLS, TX (FHA\|USDA\|VA)	1	$325,000	$325,000	$12,246	3.25%
GAINESVILLE, FL (FHA\|USDA\|VA)	1	$325,000	$325,000	$3,650	2.50%
BATON ROUGE, LA (FHA\|USDA\|VA)	2	$320,000	$160,000	$4,699	2.75%
Glenwood Springs, CO (FHA\|USDA\|VA)	1	$315,000	$315,000	$11,872	3.50%
FOND DU LAC, WI (FHA\|USDA\|VA)	1	$315,000	$315,000	$11,149	3.38%
Rochelle, IL (FHA\|USDA\|VA)	1	$315,000	$315,000	$11,499	3.38%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$315,000	$315,000	$9,427	3.75%
HOUMA-THIBODAUX, LA (FHA\|USDA\|VA)	1	$315,000	$315,000	$10,535	3.13%
SPRINGFIELD, MA (FHA\|USDA\|VA)	1	$305,000	$305,000	$8,934	3.00%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$295,000	$295,000	$9,499	3.25%
AKRON, OH (FHA\|USDA\|VA)	1	$295,000	$295,000	$8,620	3.75%
Rio Grande City-Roma, TX (FHA\|USDA\|VA)	1	$285,000	$285,000	$10,275	3.75%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$285,000	$285,000	$10,215	3.50%
PUEBLO, CO (FHA\|USDA\|VA)	1	$285,000	$285,000	$12,447	3.25%
FRESNO, CA (FHA\|USDA\|VA)	1	$285,000	$285,000	$9,152	3.13%
BELLINGHAM, WA (FHA\|USDA\|VA)	1	$275,000	$275,000	$9,910	3.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$270,000	$135,000	$6,491	3.44%
FORT WAYNE, IN (FHA\|USDA\|VA)	2	$270,000	$135,000	$5,496	2.94%
Torrington, CT (FHA\|USDA\|VA)	1	$265,000	$265,000	$12,023	3.00%
Oak Harbor, WA (FHA\|USDA\|VA)	1	$255,000	$255,000	$12,018	3.25%
BURLINGTON, NC (FHA\|USDA\|VA)	1	$255,000	$255,000	$10,572	3.13%
Seneca, SC (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,920	3.00%
YUBA CITY, CA (FHA\|USDA\|VA)	1	$255,000	$255,000	$9,237	3.13%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,787	2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$255,000	$255,000	$9,085	3.00%
Port Angeles, WA (FHA\|USDA\|VA)	1	$245,000	$245,000	$8,444	3.63%
El Campo, TX (FHA\|USDA\|VA)	1	$245,000	$245,000	$8,790	3.63%
Huntsville, TX (FHA\|USDA\|VA)	1	$235,000	$235,000	$11,548	3.25%
Stillwater, OK (FHA\|USDA\|VA)	1	$235,000	$235,000	$8,441	3.75%
DOVER, DE (FHA\|USDA\|VA)	1	$235,000	$235,000	$9,560	3.50%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,987	3.63%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$225,000	$225,000	$8,206	4.13%
Orangeburg, SC (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,054	2.50%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	1	$215,000	$215,000	$8,248	3.25%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$215,000	$215,000	$7,272	3.00%
JOPLIN, MO (FHA\|USDA\|VA)	1	$215,000	$215,000	$7,065	3.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$215,000	$215,000	$8,973	3.25%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,972	2.75%
MONTGOMERY, AL (FHA\|USDA\|VA)	1	$205,000	$205,000	$8,083	3.63%
Starkville, MS (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	4.50%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,366	3.63%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	1	$205,000	$205,000	$7,246	3.63%
Keene, NH (FHA\|USDA\|VA)	1	$195,000	$195,000	$7,431	3.25%
KENNEWICK-RICHLAND, WA (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	4.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,820	3.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,447	3.25%
Mount Sterling, KY (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,732	3.63%
Columbus, MS (FHA\|USDA\|VA)	1	$185,000	$185,000	$5,904	3.75%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$185,000	$185,000	$6,790	3.25%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,236	3.50%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,697	3.50%
Greenwood, MS (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,391	3.63%
CUMBERLAND, MD-WV (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,840	3.25%
MODESTO, CA (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,596	3.50%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,460	3.25%
Lawrenceburg, TN (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,829	3.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	1	$155,000	$155,000	$6,398	3.00%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$155,000	$155,000	$7,437	3.75%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,323	3.25%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,347	2.88%
ROCKY MOUNT, NC (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,286	3.25%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,407	3.38%
Elizabeth City, NC (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,899	3.50%
SEBRING-AVON PARK, FL (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,724	3.25%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$6,655	3.63%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	1	$135,000	$135,000	$6,345	3.63%
Jacksonville, TX (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,425	3.63%
JACKSON, MI (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,788	3.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,780	2.75%
West Plains, MO (FHA\|USDA\|VA)	1	$115,000	$115,000	$5,434	3.00%
ALBANY, GA (FHA\|USDA\|VA)	1	$95,000	$95,000	$5,709	3.25%
SPRINGFIELD, OH (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,243	3.63%
MOBILE, AL (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,575	2.38%
Selma, AL (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,010	3.63%
Taylorville, IL (FHA\|USDA\|VA)	1	$75,000	$75,000	$5,183	3.75%
Brookhaven, MS (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,194	3.13%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,008	3.13%

Peoples Bank's top markets include Jackson, San Diego, Los Angeles, Charleston, and Boston among others.

Their top states include:

Mississippi (FHA|USDA|VA)

California (FHA|USDA|VA)

Florida (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Washington (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
FHA	248	$63,190,000	$254,798	$9,288	3.33%
Conventional	179	$32,395,000	$180,978	$3,502	4.69%
VA	34	$10,870,000	$319,706	$9,102	2.91%
USDA	2	$360,000	$180,000	$5,008	3.25%

For 2021, Peoples Bank's most frequently originated type of loan was FHA, with 248 originations. Their 2nd most popular type was Conventional, with 179 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	212	$47,170,000	$222,500	$7,569	4.07%
Cash Out Refi	165	$44,745,000	$271,182	$8,487	3.26%
Refi	75	$14,085,000	$187,800	$4,965	4.08%
Other	6	$640,000	$106,667	$3,750	6.40%
Home Improvement	5	$175,000	$35,000	$1,158	5.45%

For 2021, Peoples Bank's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 165 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	336	$88,990,000	$264,851	$8,231	3.26%
15 Year	59	$7,715,000	$130,763	$3,114	5.46%
20 Year	25	$5,375,000	$215,000	$6,012	3.55%
Other	15	$2,765,000	$184,333	$5,872	5.17%
10 Year	15	$665,000	$44,333	$1,552	7.38%
5 Year	11	$1,175,000	$106,818	$0	5.63%
3 Year	1	$15,000	$15,000	$0	7.74%
1 Year	1	$115,000	$115,000	$0	6.79%

For 2021, Peoples Bank's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 59 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	181	$45,355,000	$250,580
$<1k	83	$12,205,000	$147,048
$2k-3k	69	$17,485,000	$253,406
$5k+	35	$13,315,000	$380,429
$3k-4k	30	$8,120,000	$270,667
$4k-5k	14	$4,240,000	$302,857

Peoples Bank's average total fees were $8,231, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 181 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	254	$65,520,000	$257,953
2.5-3%	103	$26,325,000	$255,583
<2.5%	25	$6,835,000	$273,400
Over 8%	21	$1,115,000	$53,095
5-6%	18	$2,470,000	$137,222
4-5%	18	$3,160,000	$175,556
7-8%	13	$635,000	$48,846
6-7%	11	$755,000	$68,636

During 2021, Peoples Bank's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 254 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	196	$55,750,000	$284,439	$8,814	3.30%
$100k-200k	139	$21,605,000	$155,432	$5,409	3.55%
$100,000 or less	77	$4,215,000	$54,740	$2,484	6.03%
$400k-600k	45	$21,465,000	$477,000	$11,127	3.23%
$600k-1MM	6	$3,780,000	$630,000	$20,122	3.48%

2021 saw Peoples Bank place emphasis on $200k-400k loans with 196 originations, totaling $55,750,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	130	$34,990,000	$269,154	$8,018	3.61%
$50k-75k	94	$17,170,000	$182,660	$6,547	3.75%
$75k-100k	92	$20,720,000	$225,217	$7,711	3.61%
$50k or less	61	$6,515,000	$106,803	$4,626	4.78%
$150k-250k	59	$20,125,000	$341,102	$9,759	3.64%
$250k+	16	$4,390,000	$274,375	$9,579	4.08%

Peoples Bank lent most frequently to those with incomes in the $100k-150k range, with 130 originations. The second most popular income band? $50k-75k, with 94 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	131	$31,775,000	$242,557	$7,031	3.58%
30-36%	91	$21,925,000	$240,934	$7,950	3.78%
<20%	55	$8,695,000	$158,091	$5,808	4.16%
38%	20	$4,350,000	$217,500	$8,236	3.96%
36%	18	$4,520,000	$251,111	$7,954	3.61%
41%	18	$5,090,000	$282,778	$9,838	3.91%
37%	18	$4,110,000	$228,333	$7,906	4.12%
42%	14	$4,720,000	$337,143	$7,228	3.27%
43%	11	$1,715,000	$155,909	$5,982	4.60%
39%	11	$3,085,000	$280,455	$9,594	3.31%
46%	10	$1,870,000	$187,000	$8,296	3.49%
49%	10	$2,470,000	$247,000	$8,812	3.57%
50-60%	9	$1,605,000	$178,333	$4,748	5.33%
44%	7	$1,195,000	$170,714	$5,140	4.65%
48%	7	$2,195,000	$313,571	$10,340	3.34%
40%	6	$1,110,000	$185,000	$7,065	3.33%
45%	6	$1,390,000	$231,667	$7,040	4.63%
47%	5	$1,145,000	$229,000	$9,168	3.20%
>60%	5	$945,000	$189,000	$3,619	5.00%

Peoples Bank lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 91 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	353	$80,005,000	$226,643	$7,309	3.80%
Black	66	$14,110,000	$213,788	$7,181	4.19%
Asian	13	$4,985,000	$383,462	$10,878	3.13%
Not provided	19	$4,635,000	$243,947	$8,146	3.17%
Not applicable	7	$2,025,000	$289,286	$0	4.94%
American Indian	5	$1,055,000	$211,000	$7,273	3.30%

Approval Rates

Total approvals of all applications
83.24%

Peoples Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
75.38%

Peoples Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	463	$106,815,000	$230,702

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	463	$106,815,000	$230,702

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	25	$2,485,000	$99,400	$4,265	4.67%
40-60%	53	$10,735,000	$202,547	$6,357	3.81%
60-80%	159	$37,055,000	$233,050	$6,441	3.92%
80-100%	217	$54,665,000	$251,912	$8,578	3.65%
Over 100%	4	$1,510,000	$377,500	$16,795	3.03%
Under 20%	4	$180,000	$45,000	$1,669	5.35%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION	Conventional home mortgage	Closing on a mortgage	2	15.4%
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION	Conventional home mortgage	Struggling to pay mortgage	2	15.4%
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION	Conventional home mortgage	Trouble during payment process	4	30.8%
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION	Home equity loan or line of credit (HELOC)	Trouble during payment process	2	15.4%
PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION	Other type of mortgage	Trouble during payment process	3	23.1%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Peoples Bank	129 Center Street Richland, MS 39218	Full Service B&M	$22,308
Peoples Bank	160 E. Maud Avenue Mendenhall, MS 39114	Full Service B&M	$150,100
Peoples Bank	165 West Jackson Avenue Mendenhall, MS 39114	Full Service B&M	$41,153
Peoples Bank	611 Fifth Avenue Magee, MS 39111	Full Service B&M	$101,808
Peoples Bank	710 Main Street, Suite 30 Collins, MS 39428	Full Service B&M	$62,378

For 2021, Peoples Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$24,036
Net interest income	$22,201
Total noninterest income	$25,347
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$871
Trading account gains and fees	$0
Additional Noninterest Income	$24,476
Pre-tax net operating income	$22,218
Securities gains (or losses, -)	$0
Income before extraordinary items	$22,218
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$22,218
Minority interest net income	$0
Net income	$22,218
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$22,218

Peoples Bank's gross interest income from loans was $24,036,000.
Peoples Bank's net interest income from loans was $22,201,000.
Peoples Bank's fee based income from loans was $871,000.
Peoples Bank's net income from loans was $22,218,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,835
Provision for credit losses	$674
Total noninterest expense	$24,656
Salaries and employee benefits	$15,212
Premises and equipment expense	$1,478
Additional noninterest expense	$7,966
Applicable income taxes	$0
Net charge-offs	$148
Cash dividends	$9,983

Peoples Bank's interest expense for loans was $1,835,000.
Peoples Bank's payroll and benefits expense were $15,212,000.
Peoples Bank's property, plant and equipment expenses $1,478,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	3.0%
Real Estate loans	4.0%
Construction & Land Development loans	1.0%
Nonfarm, nonresidential loans	2.0%
Multifamily residential loans	65.0%
1-4 family residential loans	4.0%
HELOC loans	0.0%
All other family	4.0%
Commercial & industrial loans	2.0%
Personal loans	4.0%
Credit card loans	0.0%
Other individual loans	4.0%
Auto loans	2.0%
Other consumer loans	4.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$377,892
Deposits held in domestic offices	$377,892
Deposits by Individuals, partnerships, and corporations	$302,068
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$56,659
Deposits by Commercial banks and other depository institutions in U.S.	$19,165
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$197,591
Demand deposits	$102,788
Nontransaction accounts	$180,301
Money market deposit accounts (MMDAs)	$23,685
Other savings deposits (excluding MMDAs)	$38,703
Total time deposits	$117,913
Total time and savings deposits	$275,104
Noninterest-bearing deposits	$97,631
Interest-bearing deposits	$280,261
Retail deposits	$353,283
IRAs and Keogh plan accounts	$13,770
Brokered deposits	$1,574
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$431,628
Cash & Balances due from depository institutions	$58,089
Interest-bearing balances	$51,460
Total securities	$36,200
Federal funds sold & reverse repurchase	$0
Net loans and leases	$313,363
Loan and leases loss allowance	$4,668
Trading account assets	$0
Bank premises and fixed assets	$9,407
Other real estate owned	$623
Goodwill and other intangibles	$3,793
All other assets	$10,153

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$431,628
Total Liabilities	$380,879
Total deposits	$377,892
Interest-bearing deposits	$280,261
Deposits held in domestic offices	$377,892
% insured (estimated)	$72
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$2,324
Subordinated debt	$0
All other liabilities	$663

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$313,363
Loan and leases loss allowance	$4,668
Total loans and leases (domestic)	$318,031
All real estate loans	$246,367
Real estate loans in domestic offices	$246,367
Construction and development loans	$21,070
Residential 1-4 family construction	$5,808
Other construction, all land development and other land	$15,262
Loans secured by nonfarm nonresidential properties	$124,772
Nonfarm nonresidential secured by owner-occupied properties	$33,990
Commercial real estate & other non-farm, non-residential	$90,782
Multifamily residential real estate	$3,416
1-4 family residential loans	$48,761
Farmland loans	$48,348
Loans held in foreign offices	$0
Farm loans	$5,440
Commercial and industrial loans	$50,349
To non-U.S. addressees	$0
Loans to individuals	$12,057
Credit card loans	$0
Related Plans	$44
Consumer Auto Loans	$2,472
Other loans to individuals	$9,541
All other loans & leases	$3,848
Loans to foreign governments and official institutions	$0
Other loans	$2,720
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$2,539
Non 1-4 family restructured loans & leases	$2,461
Total loans and leases (foreign)	$0

Peoples Bank had $313,363,000 of loans outstanding in 2021. $246,367,000 of loans were in real estate loans. $21,070,000 of loans were in development loans. $3,416,000 of loans were in multifamily mortgage loans. $48,761,000 of loans were in 1-4 family mortgage loans. $5,440,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,472,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	209	$31,907	$152,665
Nonfarm, nonresidential loans - <$100k	78	$2,849	$36,526
Nonfarm, nonresidential loans - $100-250k	49	$5,384	$109,878
Nonfarm, nonresidential loans - $250k-1MM	82	$23,674	$288,707
Commercial & Industrial, US addressed loans - <$1MM	1,013	$41,779	$41,243
Commercial & Industrial, US addressed loans - <$100k	865	$16,082	$18,592
Commercial & Industrial, US addressed loans - $100-250k	95	$11,196	$117,853
Commercial & Industrial, US addressed loans - $250k-1MM	53	$14,501	$273,604
Farmland loans - <$1MM	425	$26,530	$62,424
Farmland loans - <$100k	291	$9,449	$32,471
Farmland loans - $100-250k	95	$9,067	$95,442
Farmland loans - $250k-1MM	39	$8,014	$205,487
Agriculture operations loans - <$1MM	235	$5,439	$23,145
Agriculture operations loans - <$100k	221	$3,703	$16,756
Agriculture operations loans - $100-250k	12	$1,377	$114,750
Agriculture operations loans - $250k-1MM	2	$359	$179,500